Ethereum Classic

Ethereum Classic (ETC) is a decentralized blockchain platform that was created as a result of a hard fork in the Ethereum (ETH) network. The fork occurred in 2016, after a controversial decision was made to revert a smart contract that had been hacked and funds stolen. Some members of the Ethereum community disagreed with this decision and believed that the blockchain should remain immutable, even if it means accepting the consequences of a hack. As a result, they continued to support the original Ethereum network, which became known as Ethereum Classic.

ETC operates using the same principles and technology as ETH, with a focus on smart contracts and decentralized applications. It is a proof-of-work blockchain, which means that miners must solve complex mathematical problems in order to validate transactions and earn rewards. ETC also supports the development of decentralized applications (dApps), which are built using smart contracts.

One of the unique features of Ethereum Classic is its commitment to immutability. The ETC network does not support any hard forks or updates that would alter the blockchain's history, even in the case of a hack or other security breach. This commitment to immutability is seen as a strength by some members of the community, as it ensures that the network remains secure and transparent.

ETC has a growing community of developers and users who are building decentralized applications and contributing to the growth of the network. Its focus on immutability and decentralization makes it an attractive platform for those who value transparency and security in their blockchain transactions.